Anyone wanna gamble?
I dont always care for the Street.com junk, but they make some good points and some thoughts I had about ENCY. First is that managment hasnt stated why in the past the FDA didnt approve, rather getting the "approvable" letter which means more data. Second is that the GENZ competitor has more advantages and is with a stronger company and third is the stock is up 77% from the lows.
This is more risky than DNDN fellas.......
I dont always care for the Street.com junk, but they make some good points and some thoughts I had about ENCY. First is that managment hasnt stated why in the past the FDA didnt approve, rather getting the "approvable" letter which means more data. Second is that the GENZ competitor has more advantages and is with a stronger company and third is the stock is up 77% from the lows.
This is more risky than DNDN fellas.......
A few post ago, I say I am going to go long on ENCY but
I just change my mind.
I just sold my entire 30,000 shares of ENCY.
The reason is because I just found out ENCY had orphan drug status,but
so does Gilead Ambrisentan.
So only one drug can be approved by FDA due to 7years exclusivity of
the Orphan Drug policy.
That is why the FDA grant Ambrisentant priority review and the date is
only 3 days from Thelin.
I just bought 3,000 shares of GILD instead.
Good luck with you all "![]()
A few post ago, I say I am going to go long on ENCY but
I just change my mind.
I just sold my entire 30,000 shares of ENCY.
The reason is because I just found out ENCY had orphan drug status,but
so does Gilead Ambrisentan.
So only one drug can be approved by FDA due to 7years exclusivity of
the Orphan Drug policy.
That is why the FDA grant Ambrisentant priority review and the date is
only 3 days from Thelin.
I just bought 3,000 shares of GILD instead.
Good luck with you all "![]()
Well that is true but I am STILL rooting for Grinder with the trade and think he is fine with the cushion on the CCs, but if the FDA doesnt approve I imagine the stock will be in trouble for quite some time.
The risks of biotech stocks are huge...
Well that is true but I am STILL rooting for Grinder with the trade and think he is fine with the cushion on the CCs, but if the FDA doesnt approve I imagine the stock will be in trouble for quite some time.
The risks of biotech stocks are huge...
I tried to get cute with the GOOG theory, put in for 10 contracts at 6 when the option was at 6.20 bid..no luck since then.
I tried to get cute with the GOOG theory, put in for 10 contracts at 6 when the option was at 6.20 bid..no luck since then.
Grinder,
If the stock finished CLOSE to the strike, then I would keep selling the CCs. You arent talking a ton of money and depending on the movement in the stock, you could even be so lucky as keep the stock, it rallies to the next strike and sell those..
But thats a pipe dream..haha
Big$$$...where are those WNBA games??????????????????????
POZN moving up more...
Grinder,
If the stock finished CLOSE to the strike, then I would keep selling the CCs. You arent talking a ton of money and depending on the movement in the stock, you could even be so lucky as keep the stock, it rallies to the next strike and sell those..
But thats a pipe dream..haha
Big$$$...where are those WNBA games??????????????????????
POZN moving up more...
Definately the worst case scenerio happened..
Definately the worst case scenerio happened..
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